Key Developments For Herley Industries Inc
Herley Industries Inc (HRLY.O) (Consolidated Issue listed on NASDAQ Global Market)
Herley Industries, Inc. Subsidiary Awarded Contracts For Fast Switching Synthesizers For Use In Embedded System Applications
Herley Industries, Inc. announced that its Herley-CTI subsidiary located in Whippany, NJ has received an award for an indefinite-delivery/ indefinite-quantity (ID/IQ) contract valued at approximately $8.5 million from a U.S. prime contractor to manufacture fast switching synthesizers for a radar system application. This six year agreement is a follow-on to previous development and production contracts for this product. Separately, Herley-CTI signed development and initial production agreements for a similar fast switching synthesizer to be used by the same customer in another radar application. These initial orders, valued at over $500,000, build on the prior delivery, price, and technical performance demonstrated by Herley-CTI with this customer. Follow-on contracts valued at over $4.0 million are expected for this second synthesizer over the next five to six years.
Herley Industries, Inc. Subsidiary Announces $6.5 Million Contract To Provide Electronics For U.S. Navy Electronic Attack Aircraft
Herley Industries, Inc. announced that its Herley-CTI subsidiary located in Whippany, NJ has received an award valued at approximately $6.5 million from a major U.S. prime contractor to manufacture an integrated microwave assembly (IMA) and an oscillator for a U.S. Navy electronic attack aircraft.
Herley Industries, Inc. Announces Award of $16.6 Million IDIQ Contract
Herley Industries, Inc.announced that through a subsidiary, it has been awarded a $16.6 million firm fixed price, time and material, indefinite delivery/indefinite quantity (IDIQ) contract for Radio Frequency (RF) Modules. As required, repair services and engineering and technical support services will also be performed. The Naval Air Warfare Center Weapons Division, China Lake, Calif., is the contracting activity.
Herley Industries, Inc. Wins $16.4 Million Contract for Integrated Microwave Assemblies (IMAs) for U. S. Electronic Attack Aircraft
Herley Industries, Inc. announced that its Herley New England division in Woburn, Massachusetts has received an award valued at approximately $16.4 million from a major U.S. prime contractor to manufacture a variety of multi-function integrated microwave assemblies (IMAs) for a U.S. Navy electronic attack aircraft.
Herley Industries, Inc. Announces Changes to Top Management
Herley Industries, Inc. announced that, Myron Levy Replaced as Chairman and CEO. David Lieberman named Chairman of The Board and Richard Poirier named Chief Executive Officer (CEO) and President.
